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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Contingent Consideration (BPP Q11 Robby)
Hi Stephen,
When adjusting the CSOFP, why is the amount added to NCL $40m, instead of $42m?
As the contingent consideration has not been accounted for in Robby’s individual FS at acqn, and has been adjusted to $42m at y/e, I believe $42m should be added back.
Thank you very much!
Date of acquisition
Use FV at that date 40
SFP date
As consideration is in CASH as opposed to SHARES, it must be remeasured – Dr P&L Cr Liability 2 – no impact on goodwill – regular liability accounting
🙂